Bitcoin’s potential environmental benefits highlight a stark contrast with the traditional financial system’s exploitation of natural resources. Margot Paez, a fellow at the Bitcoin Policy Institute, has examined Bitcoin through the lens of a climate activist, questioning mainstream narratives about its environmental impact. Her research reveals that Bitcoin, often criticized for its energy consumption, may […]
The post How Bitcoin can save the environment ending FIAT’s abuse of natural resources appeared first on CryptoSlate.
This metric can be used to spot relative bottom points in the market price of Bitcoin and signal potential accumulation opportunities.
Over the weekend, Bitcoin Magazine reported that US Congressman Ro Khanna, representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington, D.C., in early July, according to a private email sent by Khanna’s office and seen by Bitcoin Magazine. Khanna’s office reportedly described the upcoming meeting as “the most […]
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This week’s Crypto Biz explores the corporate battle between Riot Platforms and Bitfarms, Tether’s $1 billion budget for startups, Ripple Labs’ new custodian deal, and more.
Despite the drop in hashrate, Bitcoin miner selling isn’t correlated with the BTC price drop from $71,100 to $66,000.
Greenpeace alleges that Wall Street titans such as BlackRock or Vanguard contribute to the environmental harm derived from Bitcoin mining.
Bitcoin miner Bitfarms is set to expand its operations in the US by leasing a site in Sharon, Pennsylvania, and deploying miners that can output 600 PH/s of hashrate. In a June 13 statement, the firm said the site’s initial capacity will be 12 megawatts, with plans to expand to 120 MW by 2025. Bitfarms […]
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The post Trump Wants All Remaining Bitcoin to Be Made in USA appeared first on Coinpedia Fintech News
Donald Trump said on Tuesday that he wants all the remaining Bitcoin to be made in the US helping the country become energy-dominant. Trump wrote that Bitcoin mining may be the last line of defense against a CBDC and Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. His post indicates …
In a recent report, the European Union Agency for Law Enforcement Cooperation (Europol) has expressed grave concerns about the potential misuse of crypto mining and layer-2 blockchain solutions by criminal elements. The agency warns that these technologies could pose significant challenges for law enforcement investigations, potentially hindering their ability to trace illicit funds and recover […]
Bitcoin miner Bitfarms announced that its Board of Directors has unanimously approved a shareholder rights plan — effective immediately — to preserve the integrity of its strategic alternatives review process. The plan, also known as a “poison pill,” is designed to prevent any party from gaining control of Bitfarms without providing fair value to all […]
The post Bitfarms adopts ‘poison pill’ shareholder rights plan amid hostile takeover attempts appeared first on CryptoSlate.
Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), with standard denominations including kilohashes (kH/s), megahashes (MH/s), gigahashes (GH/s), terahashes (TH/s), petahashes (PH/s), and exahashes (EH/s). The hash rate indicates how many calculations or […]
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Kerrisdale Capital sent a complaint about crypto miner Riot Platforms to Texas officials over concerns related to safety hazards and equipment imported from China The company made the complaint in a on June 5 letter addressed to Navarro County Texas Judge H.M. Davenport Jr. and four commissioners. Kerrisdale cited a former operations specialist at Riot’s […]
The post Kerrisdale Capital shorts Riot stock amid complaints about miner’s safety hazards, China imports appeared first on CryptoSlate.
Marathon Digital sold a large chunk of its Bitcoin production in May as miners adjusted operations after the halving event.
Several Bitcoin miners experienced a decline in BTC production in May due to the effects of the April Bitcoin halving event. The Bitcoin halving occurs approximately every four years and automatically reduces miner rewards, thereby enhancing the flagship digital asset’s scarcity. This year, the event cut mining rewards to 3.125 BTC — significantly decreasing total […]
The post Bitcoin halving slashes miners’ production in May by over 40% appeared first on CryptoSlate.
Core Scientific has entered into a significant 12-year agreement with CoreWeave, an AI hyperscaler backed by Nvidia, to provide approximately 200 megawatts (MW) of infrastructure for high-performance computing (HPC) services. This strategic move is expected to generate over $3.5 billion in total cumulative revenue for Core Scientific during the initial contract term, with an estimated […]
The post Core Scientific inks $3.5B AI deal with CoreWeave to diversify beyond bitcoin mining appeared first on CryptoSlate.
April was a month filled with significant activity and volatility for Bitcoin miners. Most of the month was spent anticipating Bitcoin’s halving and the launch of Runes, with many analysts and market experts warning about the outsized impact they could have on the mining sector. As expected, the combination of the halving and Runes propelled […]
The post A flat month for miners after a volatile April appeared first on CryptoSlate.
United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission Staff Accounting Bulletin No. 121.
Bitfarms said on May 29 that it rejected Riot Platform’s unsolicited acquisition proposal because the offer undervalued the company. The proposal, received on April 22, offered $2.30 per common share in a mix of cash and Riot common stock — amounting to a $950 million offer. Bitfarms’ Special Committee of Independent Directors reviewed the offer […]
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The new crypto derivatives product allows investors to speculate on future hashrates and hashprices.
Riot Platforms has announced a proposal to acquire Bitfarms for approximately $950 million, reflecting a 24% premium to Bitfarms’ one-month volume-weighted average share price as of May 24. According to the press release, Riot’s decision to make a hostile takeover bid follows Bitfarms’ Board of Directors’ rejection of its private proposal without substantive engagement. The […]
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Marathon Digital, one of the world’s leading Bitcoin mining operations, announced a collaboration to overhaul Kenya’s renewable energy sector.
Marathon Digital Holdings has partnered with Kenya to monetize underutilized energy. Marathon chairman and CEO Fred Thiel signed the agreement with Kenya’s Prime Cabinet Secretary, Hon. Musalia Mudavadi, E.G.H, on May 24. Thiel said the deal will involve Kenya and Marathon “jointly developing technology projects.” Thiel described a partial focus on digital assets, stating that […]
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Laszlo Hanyecz is famous for spending 10,000 bitcoin on two pizzas. But his involvement with Bitcoin development goes much deeper than food purchases.
Miners’ equity funding activity is expected to be lower in the second quarter of 2024, with less than $500 million invested as of mid-May.
President Biden blocks a Chinese-backed crypto mining firm from owning land near a US military base due to national security risks.
The post Biden blocks Chinese crypto miner’s land purchase near US base in Wyoming appeared first on Crypto Briefing.
Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm.
Bitcoin miner Core Scientific has posted $150 million in revenue from digital asset mining in the first quarter of 2024, boosting its gross margin to 46% from 26% in the previous year.
CleanSpark has released its first monthly unaudited Bitcoin mining and operations update since the halving. The company exceeded 17 EH/s in hashrate, mining an impressive 721 BTC with a record daily high of over 48 BTC. CEO Zach Bradford highlighted the company’s monthly gains in efficiency metrics as they deploy advanced S21 machines across their […]
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Senators Elizabeth Warren and Angus S. King, Jr. have formally addressed top Biden administration officials in a letter concerning US efforts to combat Iran’s utilization of crypto mining as a means to evade international sanctions. Addressed to Secretary of Defense Lloyd Austin, National Security Advisor Jake Sullivan, and Treasury Secretary Janet Yellen, the letter details […]
The post Elizabeth Warren raises concerns over Iran’s crypto mining operations appeared first on CryptoSlate.
Bitcoin miner Marathon Digital has reviewed its hash rate target for this fiscal year to 50 EH/s, according to an April 25 statement. Initially, the miner aimed to boost its mining capacity by about 46% by year-end to as high as 37 EH/s from 24.7 EH/s. However, buoyed by its recent acquisition of a 200-megawatt […]
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